Extreme Weather Could Push Corn Harvest to Worst Slump in Decades.

Extreme weather conditions in China have led to a potential significant drop in the corn harvest, with estimates ranging from 5 to 20 million tons less than the previous year's record harvest. Despite this, the market remains saturated with plentiful stockpiles and sluggish demand, keeping prices low. The impact of the harvest shortfall on imports and the wider economy will depend on Beijing's stimulus measures and future climate challenges. [Extracted from the article]